Excerpts from the Press Briefing by Scott McClellan, September 17, 202003 (Full Transcript)

QUESTION: Scott, frequently when the President is out
speaking on the economy in the country, he'll talk about the need for
personal responsibility and corporate responsibility. In light of
that, what's his opinion of the compensation package of Richard Grasso
of the New York Stock Exchange?

MR. McCLELLAN: Well, I think that that's a matter for the
New York Stock Exchange board to address. You're talking about
compensation, and that's an issue for the board to address. Obviously,
our SEC has some regulatory role in this and they've made some
comments. But the President views that this is a matter for the New
York Stock Exchange board.

QUESTION: Even though he's out there talking about
the need for corporate responsibility, when he sees a guy making $100
million from the public trust --

MR. McCLELLAN: Remember, this is a compensation issue.
Now, you did bring up corporate wrongdoing -- we have taken aggressive
action to go after corporate wrongdoers. This specific issue is
related to compensation.